SIFMA has submitted an Amicus “Friend of the Court” Brief.

Court: 

Delaware Supreme Court

Amicus Issue: 

Whether financial advisors in connection with M&A transactions may be held liable under a novel “gatekeeper” theory for aiding and abetting the board of directors’ alleged breach of fiduciary duty and/or for alleged misstatements and omissions in company-controlled portions of the proxy statements.

Counsel of Record:

Sidley Austin LLP

Jack B. Jacobs
A. Robert Pietrzak
Andrew W. Stern
Daniel A. McLaughlin
Cameron Moxley
John K. Hughes

Other Amici on Brief: 

None.

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